Funding Announcements: Better HR secures bridge investment, Mezzofy gets pre-Series A funding, Mantle EcoFund deploys $5 million, and additional announcements.
In the bustling tech landscape of Asia, several startups have recently secured significant funding to fuel their growth and expansion. Here's a round-up of the latest funding news:
Astrotalk, the Noida-based astrology services platform, has raised USD 14 million in a funding round led by Elev8 Venture Partners. The funds will be used to expand operations and develop product capabilities using big data, artificial intelligence, and blockchain technologies.
Mezzofy, a digital coupon platform headquartered in Hong Kong, has completed a USD 2 million pre-Series A funding round. The company, which serves a customer base of over 380 companies, plans to use the funds to deepen its presence in existing markets, expand operations to the US and Europe, and manage more digital coupons. To date, Mezzofy has managed 400 million digital coupons with a total value exceeding USD 5.1 billion across 15 markets.
Better HR, a Myanmar-based HR startup, has raised an undisclosed amount of bridge funding from Satori Giants and Blibros AB. Founded in 2019, Better HR provides localized payroll solutions in Singapore, Myanmar, Vietnam, Cambodia, and Sri Lanka. The company plans to use the funds to open additional offices in Southeast Asian markets including Thailand and Vietnam.
Jingzhunxue, a Hangzhou-based AI edtech startup, raised RMB 200 million (USD 27.6 million) from Alibaba Group. The funds will be used to enhance its AI-powered educational products and services.
LogicLadder, a Gurugram-based climate tech startup, has raised USD 2.5 million in a funding round co-led by Big Bang Capital and Rainmatter. The startup aims to use the funds to accelerate its product development and scale its impact in the fight against climate change.
Arthur Pharma, a Jiaxing-based drug developer, has completed a Series B round of financing worth several hundred million RMB. The exact amount was not disclosed.
Meragi, a Bengaluru-based online marketplace for wedding-related products and services, is set to raise USD 8 million in a funding round led by Accel. The funds will be used to expand its offerings and enhance the user experience.
eFishery, an Indonesia-based aquaculture company, secured a USD 30 million green and social loan from HSBC Indonesia. The funds will be used to support the company's sustainable growth and improve its environmental impact.
Third Age Technology (TAT), a new material developer, has completed a Series A+ funding round with participation from Inno-chip, Intel Capital, and others. The exact amount of the funding was not disclosed.
Shengshu, a Beijing-based AI company, has secured a nine-figure RMB sum in a pre-Series A round of financing, jointly led by Beijing Artificial Intelligence Industry Investment Fund and Baidu. The funds will be used to advance the company's AI capabilities.
Lenskart, one of Asia's leading eyewear retailers, raised USD 200 million in secondary investment from existing investors Temasek and Fidelity. The funds will be used to strengthen the company's position in the market and invest in new growth opportunities.
Mantle EcoFund, a USD 200 million Web3 fund operated by Mirana Ventures, has provided USD 5 million in fresh funding to seven SocialFi and gaming projects. The projects include MetaCene, Blade Games, Co-Museum, Fingerlabs, L3E7, and DreamOS.
Jade Bird Display (JB Display), an advanced display technology company, has completed a pre-Series B round of financing, led by Ant Group. The exact amount of the funding was not disclosed.
These funding rounds underscore the ongoing investment in tech startups across Asia, as these companies seek to innovate, expand, and make a positive impact in their respective industries.
Read also:
- Global Content Dissemination Through Cross-Linguistic Voiceovers
- Development of Restaurant Apps: Expenses and Essential Elements
- Indian Oil Corporation's Panipat Refinery secures India's inaugural ISCC CORSIA accreditation for Sustainable Aviation Fuel production
- Ford Bets on an Affordable Electric Pickup Revolution with a $30,000 Design
